first time home buyer – owner loan

July 19, 2010

First Time Home Buyer Programs – Tax Incentives and Down Payment Assistance

Simon Volkov asked:




A variety of first time home buyer programs exist offering financing options, down payment assistance and tax incentives to individuals purchasing real estate for the first time. In order to receive house buying benefits, applicants must meet eligibility requirements. First time buyers should conduct online research or consult with a real estate advisor to determine which program is best suited for their needs.

Popular first time home buyer programs include Fannie Mae financing, FHA loans, VA loans and various programs offered through HUD. Home buyers might also be eligible for the Worker, Homeownership and Business Assistance Act which provides an $8000 first time home buyer tax credit toward real estate purchased by April 30, 2010. The Recovery Act also grants up to $6500 in tax credits to homeowners that have resided in their home for a minimum of five years and ready to move into a higher priced property.

Fannie Mae engages in first time home buying programs and mortgage refinancing. One of the more popular home buying programs is Home Path

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay
  • Fark
  • Faves
  • LinkedIn
  • Propeller
  • Reddit
  • StumbleUpon
  • Technorati
  • Tumblr
  • Twitter
  • Yahoo! Bookmarks

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress
personal loan bad credit | airline travel | fix credit score online